fxcm
NFA Arbitrators Side with FXCM in Twin Cases, Award them $100
- FXCM comes out on top yesterday after the NFA ruled in two arbitration claims against the broker. Allegations by claimants of fraud and breach of contract were dismissed, while FXCM was compensated on its counterclaim.
Thursday, 21/11/2013 | 13:51 GMT by
Ron Finberg
Reviewing FXCM's Q3 Financials and Business Trends
- Like in the past, today we are taking a closer look at FXCM’s Q3 2013 financials following the release of their SEC filed 10Q and earnings conference call. Issued earlier this month, FXCM reported a loss of $5.12 million.
Tuesday, 19/11/2013 | 14:38 GMT by
Ron Finberg
Faros M&A Details Announced As FXCM Reports Q3 Results
- According to FXCM's SEC quarterly report, the company provided an initial cash payment of $5 million and a follow-on payment to be made in 2015 will cloud bring the total purchase price to $15.6 million.
Tuesday, 12/11/2013 | 14:48 GMT by
Avi Mizrahi
FXCM Sees Red in Q3 2013 Results, Stock Went Down 4%, Despite Strong October Volumes
- During the quarter, the broker reported a US GAAP net loss of $5.1 million on revenues of $113.2 million, which were 19.2% below Q2 . However, retail FX volumes in October rose 11% to $315 billion.
Thursday, 07/11/2013 | 13:00 GMT by
Avi Mizrahi
Thomson Reuters Maintains Asia FX Hold as Vietnam Central Bank Deploys FX Trade Monitoring System
- Thomson Reuters’ 162 year reign as the leading provider of financial solutions to Asia continues as the firm launches a real-time trade monitoring and post-trade system in the interbank FX market with Vietnam's State bank.
Sunday, 27/10/2013 | 11:41 GMT by
Adil Siddiqui
Exclusive: Q3 2013 US Retail Forex Broker Profitability Report, IB #1
- Forex Magnates is once again publishing US retail forex account profitability and active users. Overall, among reporting brokers, active account totaled 99,390, with weighted profitability at 34.2%, both below Q2 numbers.
Monday, 21/10/2013 | 17:56 GMT by
Ron Finberg
FXCM Releases In-App Mobile Deposits - The Next Big Thing?
- Manhattan headquartered Forex Capital Markets Inc provides customers with the ability to deposit while on the go via mobile trading as the convergence from desktop to mobile device usage advances in FX.
Friday, 18/10/2013 | 08:48 GMT by
Steven Hatzakis
FXCM Announces Issuance Of $12M Note To Infinium - Is Takeover On The Cards?
- FXCM has today announced that it has issued high frequency trading firm Infinium Capital Holdings with a $12 million note which matures in August 2015 following interest in acquiring the company.
Tuesday, 08/10/2013 | 13:06 GMT by
Andrew Saks McLeod
September Forex Industry Review: Inside the Latest M&A Frenzy, More Deals Than Money?
- In this month's Forex Industry Review, we take a closer look at September's M&As. After a quiet summer, the market was hit with a flurry of deals in a two week span. Who made out well, and what were the real prices.
Tuesday, 01/10/2013 | 14:55 GMT by
Ron Finberg
Diversification On The Agenda - OANDA Purchases Social Trading Network Currensee
- OANDA, one the handful of retail FX firms still operating in America, has today announced that it is to purchase Currensee, alluding to a potential need for diversification of service offering to stay in the market.
Tuesday, 24/09/2013 | 22:00 GMT by
Andrew Saks McLeod
FXCM Aqcuires Controlling Stake In FX Intelligence Firm Faros Trading LLC
- FXCM has announced that it has acquired a 50.1% interest in FX intelligence, market coverage, and institutional FX execution services provider Faros Trading LLC, demonstrating an increasing focus on acquisitions.
Monday, 23/09/2013 | 12:50 GMT by
Andrew Saks McLeod
FX Broker Warns IB’s Against Possible Phishing Scams Floating Around
- Leading FX brokerage firm, FXCM, has issued an email notification to its introducing brokers warning them of a phishing scam that is posing as the broker. The firm informed its clients to be wary of the email.
Thursday, 19/09/2013 | 16:05 GMT by
Adil Siddiqui
FINRA Grants TradeKing Approval to Takeover GAIN Securities
- US regulator, FINRA has given TradeKing approval to acquire the assets of GAIN Securities a subsidiary of leading listed broker GAIN Capital, the news boosted GAIN’s share price to cross a new high.
Friday, 13/09/2013 | 00:59 GMT by
Adil Siddiqui
Alpari US Customer Contraction Continues in July CFTC FCM Financials
- The CFTC has posted financials for US FCM’s for the month of July. Among forex firms, the data showed a decline in customer deposits. During the month, total Retail Forex Funds dropped 1.2% to $629.75 million.
Wednesday, 11/09/2013 | 16:05 GMT by
Ron Finberg
FXCM August Volumes in the Green, Institutional Volumes Jump 320% YoY
- FXCM has reported strong trading metrics for the month of August. Volumes were up significantly from a year earlier, however trading activity slipped in both the retail and institutional segment 21% and 14% respectively from figures reported in July.
Tuesday, 10/09/2013 | 20:57 GMT by
Adil Siddiqui
FXCM Independent Director James Brown Disposes of Stock, Reduces Stakeholding
- Independent FXCM Director James Brown has filed a notice with the Securities and Exchange Commission that he has disposed of a substantial amount of company stock, reducing his shareholding down to 100,000 shares.
Wednesday, 04/09/2013 | 09:07 GMT by
Andrew Saks McLeod
August Forex Industry Review: Month of MetaQuotes
- MetaQuotes led the headlines during August as it announced broker partnerships and the upcoming release of new products and initiatives. Elsewhere, CySec made headlines with a proposed rule that was ultimately shelved.
Monday, 02/09/2013 | 12:23 GMT by
Ron Finberg
Spreads to Widen on Index CFDs as Italy Embraces New Trading Tax
- Italy’s government will embrace the controversial Financial Transaction Tax for Equity Derivatives on September 1st thus affecting CFD spreads on the FTSE MIB. The Italian Parliament approved the FTT bill in December 2012.
Friday, 30/08/2013 | 18:11 GMT by
Adil Siddiqui
Market Are Buyers, But Insiders Are Sellers of GAIN Capital Stock
- Traders have been buyers of GAIN Capital stock following its second quarter earnings report earlier this month. On the other hand, taking advantage of the rally, GAIN insiders have been sellers, as shares hit a 52 week high.
Thursday, 29/08/2013 | 13:51 GMT by
Ron Finberg
Updated: FXCM In Discussions With Infinium Capital
- According to the Wall Street Journal, FXCM is rumored to be a possible acquirer of privately owned Infinium Capital Management. The Chicago based high frequency trading is a marker maker in OTC and exchange based assets
Friday, 23/08/2013 | 06:29 GMT by
Ron Finberg
US FX Brokers Feel the Summer Heat as Retail Assets Decline 1.4% MoM
- The gradual diminish of the US retail FX market is coming close to reality as brokers are experiencing declining metrics. Retail Forex assets held by brokers declined 1.4% from a month earlier in June 2013.
Tuesday, 13/08/2013 | 22:07 GMT by
Adil Siddiqui
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}